Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
Castellum (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, has announced plans for a public offering of common stock. The company will offer all shares and intends to use the net proceeds for working capital and general corporate purposes. Maxim Group is acting as the sole placement agent on a reasonable best-efforts basis.
The offering is subject to market conditions, with no guarantee of completion or final terms. The offering is being made pursuant to a shelf registration statement on Form S-3 that became effective on December 12, 2023. A preliminary prospectus supplement and accompanying prospectus will be available on the SEC’s website.
Castellum (NYSE-American: CTM), un’azienda che opera nel settore della cybersecurity, della guerra elettronica e dei servizi software focalizzata sul governo federale, ha annunciato piani per un offerta pubblica di azioni ordinarie. L’azienda offrirà tutte le azioni e intende utilizzare il ricavato netto per il capitale circolante e scopi aziendali generali. Maxim Group sta agendo come unico agente di collocamento su base di ragionevoli migliori sforzi.
L’offerta è soggetta alle condizioni di mercato, senza alcuna garanzia di completamento o termini finali. L’offerta viene effettuata ai sensi di una dichiarazione di registrazione di shelf sul modulo S-3, che è diventata efficace il 12 dicembre 2023. Un supplemento prospettico preliminare e un prospetto accompagnatorio saranno disponibili sul sito web della SEC.
Castellum (NYSE-American: CTM), una empresa de ciberseguridad, guerra electrónica y servicios de software enfocada en el gobierno federal, ha anunciado planes para una oferta pública de acciones ordinarias. La empresa ofrecerá todas las acciones e intende utilizar los ingresos netos para capital de trabajo y fines corporativos generales. Maxim Group actúa como el único agente de colocación en base a esfuerzos razonables.
La oferta está sujeta a las condiciones del mercado, sin garantía de finalización o términos definitivos. La oferta se realiza de acuerdo con una declaración de registro en estante en el Formulario S-3, que se volvió efectiva el 12 de diciembre de 2023. Un suplemento de prospecto preliminar y el prospecto correspondiente estarán disponibles en el sitio web de la SEC.
Castellum (NYSE-American: CTM)는 연방 정부에 초점을 맞춘 사이버 보안, 전자 전쟁 및 소프트웨어 서비스 회사로, 보통주 공모 계획을 발표했습니다. 이 회사는 모든 주식을 제공하며, 순 수익을 운영 자본 및 일반 기업 용도로 사용할 계획입니다. Maxim Group는 합리적인 최선의 노력 기반으로 유일한 배급 대행자로 활동하고 있습니다.
이 제안은 시장 상황에 따라 다르며, 완료 또는 최종 조건에 대한 보장은 없습니다. 이 제안은 2023년 12월 12일에 발효된 S-3 양식의 선반 등록 명세서에 따라 이루어지고 있습니다. 초안 안내서 보충 및 관련 안내서는 SEC 웹사이트에서 확인할 수 있습니다.
Castellum (NYSE-American: CTM), une entreprise spécialisée dans la cybersécurité, la guerre électronique et les services logiciels axée sur le gouvernement fédéral, a annoncé des projets pour une offre publique d’actions ordinaires. L’entreprise proposera toutes les actions et a l’intention d’utiliser le produit net pour le fonds de roulement et des fins d’entreprise générales. Maxim Group agit en tant qu’agent de placement unique sur une base de meilleurs efforts raisonnables.
L’offre est soumise aux conditions du marché, sans garantie de finalisation ou de conditions finales. L’offre est effectuée conformément à une déclaration d’enregistrement de type shelf au Formulaire S-3, qui est entrée en vigueur le 12 décembre 2023. Un supplément de prospectus préliminaire et le prospectus associé seront disponibles sur le site Web de la SEC.
Castellum (NYSE-American: CTM), ein Unternehmen für Cybersicherheit, elektronische Kriegsführung und Softwaredienste, das sich auf die Bundesregierung konzentriert, hat Pläne für ein öffentliches Angebot von Stammaktien bekannt gegeben. Das Unternehmen wird alle Aktien anbieten und beabsichtigt, die Nettoerlöse für das Betriebskapital sowie allgemeine Unternehmenszwecke zu verwenden. Maxim Group tritt als alleiniger Platzierungsagent auf, basierend auf angemessenen besten Bemühungen.
Das Angebot unterliegt den Marktbedingungen, ohne Garantie für den Abschluss oder endgültige Bedingungen. Das Angebot erfolgt gemäß einer shelf registration statement auf dem Formular S-3, die am 12. Dezember 2023 wirksam wurde. Ein vorläufiger Prospektzusatz und der dazugehörige Prospekt werden auf der Website der SEC verfügbar sein.
Positive
- Potential strengthening of working capital position
- Successful shelf registration statement already effective with SEC
Negative
- Potential dilution of existing shareholders’ equity
- Uncertainty regarding offering completion and final terms
- No specific use of proceeds detailed beyond general corporate purposes
Insights
The timing of this offering, following shortly after their S-3 shelf registration became effective on December 12, demonstrates urgency in accessing capital markets. For a small-cap government contractor, this could indicate either growth opportunities requiring immediate funding or potential financial constraints. The choice of Maxim Group as sole placement agent, known for working with smaller-cap companies, aligns with CTM’s market position but may impact pricing and distribution reach.
Critical legal safeguards are evident in the disclaimer language regarding the offering’s conditionality and the explicit statements about jurisdictional restrictions. The emphasis on prospectus availability through multiple channels (SEC website, placement agent) demonstrates compliance with Securities Act requirements for adequate disclosure. The “reasonable best-efforts” placement structure shifts certain legal obligations compared to a firm commitment underwriting, potentially affecting both the company’s and investors’ positions in the transaction.
VIENNA, Va., Dec. 26, 2024 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE-American: CTM) (the “Company” or “Castellum”), a cybersecurity, electronic warfare, and software services company focused on the federal government, announces that it intends to offer and sell shares of its common stock in a public offering. Castellum is offering all of the shares of common stock. The Company initially intends to use the net proceeds of the offering for working capital and general corporate purposes. Consummation of the offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or the actual size or terms of the offering.
Maxim Group LLC is acting as the sole placement agent for the offering on a reasonable best-efforts basis.
A shelf registration statement on Form S-3 (File No. 333-275840) relating to the securities being offered was previously filed with the U.S. Securities and Exchange Commission (the “SEC”). It became effective on December 12, 2023. The shares may be offered only by means of a prospectus. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the public offering are being filed with the SEC and will be available on the SEC’s website at www.sec.gov. When available, copies of the preliminary prospectus supplement and accompanying prospectus relating to the public offering may also be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Prospectus Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus, together with the information incorporated by reference therein, for more complete information about the Company and the proposed offering.
The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Castellum, Inc.:
Castellum, Inc. (NYSE-American: CTM) is a defense-oriented technology company that is executing strategic acquisitions in the cybersecurity, MBSE (Model-Based Systems Engineering), and information warfare areas – http://castellumus.com/.
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to rely on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as “will,” “would,” “believe,” and “expects,” and similar language or phrasing are indicative of forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to close the described debt financing; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget; and the Company’s ability to maintain the listing of its common stock on the NYSE American LLC. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in Item 1A. “Risk Factors” section of the Company’s recently filed Form 10-Q, Item 1A. “Risk Factors” in the Company’s most recent Form 10-K, and other filings with the Securities and Exchange Commission which can be viewed at www.sec.gov. These risks and uncertainties, or not closing the described potential debt financing in this press release, could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.
Contact:
Glen Ives
President & Chief Executive Officer
Phone: (703) 752-6157
Info@castellumus.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3b66420-b91d-4261-ab86-812a817ffcb1
FAQ
What is the purpose of Castellum’s (CTM) December 2023 public stock offering?
Castellum (CTM) intends to use the net proceeds from the offering for working capital and general corporate purposes.
Who is the placement agent for Castellum’s (CTM) 2023 stock offering?
Maxim Group is acting as the sole placement agent for the offering on a reasonable best-efforts basis.
When did Castellum’s (CTM) shelf registration statement become effective?
Castellum’s shelf registration statement on Form S-3 became effective on December 12, 2023.
How will Castellum’s (CTM) stock offering impact existing shareholders?
The offering may result in dilution of existing shareholders’ equity, though the exact impact will depend on the final size and terms of the offering.
Is Castellum’s (CTM) December 2023 public offering guaranteed to complete?
No, the offering’s completion is subject to market and other conditions, with no assurance regarding completion, size, or terms.
